Comment on China is making a $3 trillion threat, but 'nobody' on Wall Street is scared

China is making a $3 trillion threat, but 'nobody' on Wall Street is scared

REUTERS/Todd KorolSome of the biggest names on Wall Street have piled into one trade: shorting the Chinese yuan. This, despite the fact that the Chinese government has threatened to punish anyone trying to pull the currency down. These aren't empty threats, either. China has used it's reserves to buy yuan and squeeze short sellers out of their positions.

 

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